Walmart Inc. $WMT Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 38.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870,552 shares of the retailer’s stock after selling 545,007 shares during the quarter. Bank of Nova Scotia’s holdings in Walmart were worth $85,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Access Investment Management LLC purchased a new stake in shares of Walmart during the second quarter valued at $26,000. Operose Advisors LLC raised its stake in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after acquiring an additional 243 shares during the last quarter. PFS Partners LLC lifted its position in Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after acquiring an additional 233 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after purchasing an additional 294 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after purchasing an additional 115 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 target price (up previously from $111.00) on shares of Walmart in a report on Friday, November 21st. Cowen reissued a “buy” rating on shares of Walmart in a research report on Monday, November 10th. Guggenheim reaffirmed a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Walmart in a report on Friday, November 21st. Wells Fargo & Company set a $120.00 target price on shares of Walmart and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Oppenheimer boosted their target price on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.63, for a total value of $406,520.00. Following the sale, the executive vice president owned 1,040,455 shares in the company, valued at $105,741,441.65. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $109.57, for a total transaction of $2,127,411.12. Following the completion of the sale, the chief executive officer owned 4,334,747 shares in the company, valued at approximately $474,958,228.79. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 158,013 shares of company stock worth $16,657,847. 0.10% of the stock is owned by company insiders.

Walmart Price Performance

Shares of Walmart stock opened at $115.22 on Monday. The stock has a market capitalization of $918.32 billion, a P/E ratio of 40.29, a PEG ratio of 5.32 and a beta of 0.64. The business has a 50 day simple moving average of $105.07 and a two-hundred day simple moving average of $100.88. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $116.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. Walmart’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.